Justin Sun’s SunPump introduced a launchpad for digital collectibles in partnership with non-fungible token marketplace APENFT.
The new platform expands the offering for the viral token launch pad and addresses commitments recently made by the Tron manager.
SunPump partners for NFT Launchpad
Justin Sun announced the launch pad in a post on X (formerly Twitter). He mentioned the first-ever fair launchpad for NFT collections on the TRON network. The platform, called NFT Pump, is live and available to users including NFT enthusiasts, amateurs and professionals.
“For the first time in the world, NFT + MemePump has been realized on Tron,” read the announcement.
Tron’s CEO calls NFT Pump fair, transparent and fun, offering adventure beyond just trading. He noted that all NFT trading fees will go towards buying back and burning NFTs.
“Tron needs a native, truly high-quality NFT project. To be honest, if a project like that comes to life, I would change my PFP to a PFP of that project,” Sun said at the time.
Read more: What is TRON (TRX) and how does it work?
The latest development reflects Sun’s commitment to expanding Tron’s influence. It also positions SunPump, the Tron-based token generator, to regain its thunder after weeks of faded steam. Other strategies already on the flywheel include a special SUN airdrop exclusive to TRX holders.
In particular, the range of digital collectibles on NFT Pump features images of famous celebrities. These include Elon Musk, Donald Trump, Changpeng Zhao (CZ) and Justin Sun, as well as animated characters and GIF images.
It remains to be seen whether the NFT pump will register the same level of traction or buzz as the SunPump. The NFT playing field remains marred with challenges. As BeInCrypto reported, 96% of NFTs are considered dead.
Read more: 7 Best NFT Marketplaces You Need to Know About in 2024
For NFT Pump, however, the challenges extend beyond regulatory pressure and scam projects. The new NFT meme launchpad inherently assumes the dark cloud of FUD (fear, uncertainty and doubt) that continues to follow the crypto manager. SSome of these include operational and transparency gaps, which have an unintended impact projects linked Like thisN.